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24 October 2024 | 1 reply
The exterior was painted when we bought it, we refinished the floors, added carpet, new paint inside, refinished the kitchen cabinets, replaced a couple windows and did some minor plumbing work inside (along with getting rid of TONS of junk throughout the inside and outside of the home!)
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23 October 2024 | 2 replies
Purchase price: $55,000 Cash invested: $65,000 Sale price: $140,000 First complete renovation all but reframing--new electrical, HVAC, plumbing, complete bathroom and kitchen demo and remodel.
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18 October 2024 | 4 replies
This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.
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24 October 2024 | 8 replies
I spent $15,758 in soft costs and $38,572 for slab, plumbing ground and inspections up to that point.
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25 October 2024 | 8 replies
Can handle basic construction, carpentry, wiring, plumbing, painting, and handyman stuff.U.S.
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21 October 2024 | 24 replies
I do have an eviction lawyer, Brian Heckman if you have ever heard of him.I’m doing extensive remodeling, it’s on knob and tube, over 100 years old building and plumbing, so about 2-3 months renovations.
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15 October 2024 | 5 replies
It is definitely cheaper to do it while you are already working on kitchen and plumbing.
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23 October 2024 | 10 replies
Duplexes often have shared systems (plumbing, HVAC, etc.), so make sure these are in good condition.Maintenance Costs: Older properties may have charm but could come with higher maintenance expenses.
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23 October 2024 | 5 replies
I also asked about any plumbing issues, which I would get inspected during the due diligence phase, along with other major concerns.While I don't have much experience assessing houses and determining the extent of repairs, I’ve spent a lot of time in stores like Home Depot and Lowe’s.
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21 October 2024 | 5 replies
Wholesale house bought from "Invest with Ben"New LVP throughout (Carpet in bedrooms)New KitchenNew WindowsNew BathroomsPaint ThroughoutFinishes/Fixtures/Minor plumbing work as well as front door replacementLandscaping/Very little outside work$153k purchase ~$46k rehab (Used our own guys so was able to get labor at cost)Sold for $242k3/2 ranch 1200 sq ft with a 2 car garage.